Is It Worth Investing in StoneCo (STNE) Based on Wall Street's Bullish Views?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Brokerage Recommendation Trends for STNE The ABR suggests buying StoneCo, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommenda ...